Kyrgyz Republic, Uzbek Entities Settle Dispute Over $42M Resort Award

(December 4, 2023, 1:02 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge on Dec. 1 ordered the dismissal of the Kyrgyz Republic’s petition to vacate a split tribunal’s award against it worth more than $42 million in favor of four Uzbek entities in a dispute over resorts the entities helped to construct in the 1950s after the parties settled the dispute and submitted a joint stipulation stating that the award is now “extinguished.”...